Housing Wire

MARCH 22, 2021

Although many homeowners and renters continue to feel the economic pressure of the pandemic , they’re growing more confident that they can pay their rent or mortgage, according to the latest consumer confidence survey by Freddie Mac. The survey respondents, of which two-thirds are homeowners and one-third are renters, found that more than half of respondents in 2020 expressed concern about making payments, with a high of 71% reported in November.

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Mortgages Equity Finance Technology 545

Keeping Current Matters

MARCH 25, 2021

Right now, the housing market is full of outstanding opportunities for both buyers and sellers. Whether you’re thinking of buying your first home, moving up to a bigger one, or selling so you can downsize this spring, there are perks today that are powering big moves for people across the country. Here are the top two to keep on the radar this season.

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Marketing Equity Banks Mortgages 332

Maximum Exposure Real Estate

MARCH 26, 2021

Pros And Cons Of a House For Sale By Owner Have you seen home for sale by owner signs and wondered if you should do the same with your place? Do you want to know how to sell a house by owner? We will take an in-depth look at the house for sale by the […]. The post House Sale By Owner: Selling a Home For Sale By Owner Pros and Cons appeared first on Massachusetts Real Estate Exposure.

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Better Dwelling

MARCH 24, 2021

Canada’s largest bank warned the country’s real estate markets are approaching systemic risk. Not credit risk, banks are more than adequately protected. Instead they see it as a risk for the whole darn economy. RBC senior economist Robert Hogue, who isn’t a traditional bear, warned the market is out of control. Canada’s nurturing of the […].

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Don’t just react to changes, plan for them, so you can approach the new year with confidence, direction, and a competitive edge for your business. Having a well-defined business plan helps you chart a clear course, navigate challenges, and set a foundation for growth. This workbook gives you the key steps to outline what matters and will ensure you’re moving ahead.

Development

Housing Wire

MARCH 25, 2021

Private mortgage insurance helped over 2 million low downpayment borrowers secure mortgage financing in 2020, a 53% increase from 2019, according to data from the government sponsored entities. The private mortgage insurance industry also supported $600 billion in mortgage originations. The result was approximately $1.3 trillion in outstanding mortgages with active private mortgage insurance coverage by year’s end.

Industrial 544

Industrial Mortgages FHA loan Finance 544

Keeping Current Matters

MARCH 22, 2021

According to data from the most recent Origination Insight Report by Ellie Mae , the average FICO® score on closed loans reached 753 in February. As lending standards have tightened recently, many are concerned over whether or not their credit score is strong enough to qualify for a mortgage. While stricter lending standards could be a challenge for some, many buyers may be surprised by the options that are still available for borrowers with lower credit scores.

VA loan 323

VA loan FHA loan Mortgages Lending 323

Better Dwelling

MARCH 24, 2021

Canadian households devote much more of their paychecks than their American counterparts. Actually, this is more of a global thing. Canada’s household debt service ratio (DSR) is manageable, but far from normal. An addiction to cheap credit and expensive housing has led to an epic borrowing spree. Households in the country now devote more of […].

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Housing Wire

MARCH 25, 2021

The broader economy showed signs of recovery last week, pushing the average mortgage rate for a 30-year fixed loan up eight basis points to 3.17%, according to Freddie Mac ’s Primary Mortgage Market Survey. Since January, mortgage rates have increased roughly 50 basis points from historic lows and home prices have risen, leaving would-be homebuyers with less purchasing power.

Mortgages 543

Mortgages Construction Sales Loans 543

Keeping Current Matters

MARCH 26, 2021

Some Highlights. There are a lot of misconceptions about buying or selling a home today, making it challenging to know exactly how to navigate the current real estate landscape. Here’s a little clarity when it comes to 5 common myths about the 2021 housing market. With these busted myths in hand, be sure to also work with a trusted real estate advisor so you can decipher local facts from fiction along the way.

Marketing 318

Marketing 318

Realty Biz

MARCH 26, 2021

Things to Know About 1800 GOT JUNK. Are you going to be selling your home? Do you have a ton of clutter that needs to be removed, so your house looks presentable? If you have answered yes to these questions, then having a junk removal company visit could be an enriching home selling task. If you’ve got anything to throw away from your home, be it an old sofa, or you’ve just got random bits and bobs that are not worth holding on to, then 1800 GOT JUNK can do this for you.

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Due diligence Commercial As-is Residential 144

Speaker: Abdi Ali, Sr. Lease Accounting Consultant

Join this insightful webinar with industry expert Abdi Ali, who will discuss the challenges that can arise from managing lease accounting with spreadsheets! He will share real-world examples of errors, compliance issues, and risks that may be present within your spreadsheets. Learn how these tools, while useful, can sometimes lead to inefficiencies that affect your time, resources, and peace of mind.

Industrial

Better Dwelling

MARCH 26, 2021

Canadian real estate markets have become such a large bubble, even a crash can’t fix prices. That’s what the Globe’s Rob Carrick argued earlier this week. The personal finance expert says it’s now too late for young adults in Toronto and Vancouver. Policy failures made markets so inefficient over the past few years, ownership is […].

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Finance Marketing 145

Housing Wire

MARCH 25, 2021

If you’re a first-time homebuyer (or you already own a home), you’ve heard of mortgage loans. You have your conventional loans, FHA loans, VA loans, USDA loans and so on. But there’s another type of loan, not too many people are familiar with that can make the home buying process much easier. Yes, we’re talking about a bridge loan. Haven’t heard of them?

Loans 542

Loans VA loan FHA loan Finance 542

Keeping Current Matters

MARCH 24, 2021

For generations, the homebuying process never really changed. The seller would try to estimate the market value of the home and tack on a little extra to give themselves some negotiating room. That figure would become the listing price of the house. Buyers would then try to determine how much less than the full price they could offer and still get the home.

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Sales Marketing As-is 304

Eye on Housing

MARCH 25, 2021

A recent NAHB study* found that COVID-19 has impacted the housing preferences of 25% of home buyers. More specifically, the survey asked about location preferences both prior to COVID-19 and now: did buyers’ preferred location change as a result of the pandemic? Results show that a segment of home buyers have in fact shifted their preference towards the outlying suburbs.

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As the real estate market evolves, technology has become essential for success. According to NAR, only 26% of agents feel their brokerage provides the necessary tech tools and, as a result, agents seek teams and brokerages who prioritize technology investments! Whether you manage an established team or are forming a new one, this guide outlines key considerations and necessary applications to thrive.

Agents

Better Dwelling

MARCH 22, 2021

Canadian real estate prices are once again the focus of an international agency. An IMF annual staff audit cites home prices as one of the biggest threats to the country’s economy. The agency suggests avoiding tax deductions and subsidies, which will compound the country’s rising inequality. They also recommend mitigating leverage build up, and taxing […].

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Housing Wire

MARCH 22, 2021

This month, United Wholesale Mortgage took the industry by surprise when it made a statement that it would block mortgage brokers from doing business with the company if they did business with either Quicken Loans or Fairway Mortgage. With that announcement came a modification to the UWM-broker contract, making note of significant financial penalties for violating this new policy.

Banks 539

Banks Mortgages Loans Lending 539

Keeping Current Matters

MARCH 23, 2021

Freddie Mac recently released their Quarterly Refinance Statistics report which covers refinances through 2020. The report explains that the dollar amount of cash-out refinances was greater in 2020 than in recent years. A cash-out refinance , as defined by Investopia , is: “a mortgage refinancing option in which an old mortgage is replaced for a new one with a larger amount than owed on the previously existing loan, helping borrowers use their home mortgage to get some cash.”.

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Equity Title Mortgages Loans 276

Realty Biz

MARCH 23, 2021

Nowadays, it is common for homebuyers to discover that they aren’t the only party making an offer on the home they want to buy. It can be difficult to know what the correct approach is when finding themselves in multiple offer situations. Many buyers are looking for the home of their dreams , and it is become more difficult to purchase one with low inventory.

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Navigated 360° tours, like YourVRTours, advance pipelines by engaging clients further along the sales funnel. These immersive experiences provide comprehensive property insights, increasing buyer intent and readiness. By embracing navigated tours, agents can optimize property exposure, better qualify leads, and streamline the sales process. Stay ahead in the ever-evolving real estate landscape with innovative technology that elevates buyer journeys and progresses pipelines more effectively.

Sales

Better Dwelling

MARCH 23, 2021

The Bank of Canada (BoC) head recently dismissed the need to cool real estate prices. Governor Tiff Macklem seems like he doesn’t want to say anything controversial… or he’s one of those people that thinks real estate prices only go up. That wasn’t the case back in 2013, when he served in the central bank’s […]. The post Bank of Canada Governor Doesn’t See A Property Bubble, But He Did In 2013 appeared first on Better Dwelling.

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Banks 140

Housing Wire

MARCH 25, 2021

A 40-plus basis point rise in mortgage rates over the past month resulted in approximately 7 million high-quality refi candidates who are no longer able to lock “forever rates,” according to a recent report from Black Knight. On Feb.11 , the mortgage data and analytics provider estimated there were 18.1 million borrowers who met broad-based underwriting criteria and could save at least 0.75% on their mortgage rate through a refi.

Mortgages 538

Mortgages Loans Lending Closing 538

Eye on Housing

MARCH 26, 2021

According to the latest data from the 2019 American Community Survey (ACS), the median age of owner-occupied homes was 39 years. The age of the housing stock is an important remodeling market indicator. Older houses are less energy-efficient than new construction and ultimately will require remodeling and renovation in the future. Moreover, as people use their homes for more purposes.

New Construction 140

New Construction Renovation Construction As-is 140

Maximum Exposure Real Estate

MARCH 22, 2021

What to Know About 1-800-Got-Junk Are you wondering if you should hire 1-800-GOT-JUNK to remove unwanted items in your house? Do you need information on how much 1-800-GOT-JUNK charges for junk removal? The longer you live in a home, the more junk you are likely to accumulate. While you fill your closets and spare space […]. The post 1-800-Got-Junk: What to Know About Pricing and Junk Removal Reviews appeared first on Massachusetts Real Estate Exposure.

Marketing 139

Marketing 139

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In the rapidly changing real estate landscape, achieving profitability requires a strategic approach beyond traditional methods. Our guide, "The 4 Pillars to Brokerage Profitability," outlines four essential pillars for scaling your real estate business: a seamless lead-to-close technology ecosystem, tailored integrated solutions for teams and agents, value-added success services and community support, and consumer-centric operations throughout the full homeownership lifecycle.

Brokerage

Better Dwelling

MARCH 23, 2021

One of the world’s largest real estate bubbles is getting a new round of affordability measures. Earlier this year, the New Zealand Government said they would put home prices at the top of their agenda. This week they followed up with the first actions they’ll be taking. Property investors will soon see most tax advantages […]. The post New Zealand Curbs Property Investment Tax Advantage, Wants “Productive Investment” appeared first on Better Dwelling.

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Investor 140

Housing Wire

MARCH 23, 2021

After a near decade high in January, new home sales for single-family houses plummeted 18.2% to a seasonally adjusted annual rate of 775,000 in February — the sharpest month-over-month decline since 2013, according to estimates by the U.S. Census Bureau and the Department of Housing and Urban Development. However, continued demand by homebuyers did manage to push new home sales 8.2% higher than a year ago, though not nearly as high as January’s 19.3% year-over-year jump.

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Sales Construction Staging Development 532

Realtor.com

MARCH 23, 2021

Getty Images ‘ The Big Move ’ is a MarketWatch column looking at the ins and outs of real estate, from navigating the search for a new home to applying for a mortgage. Dear MarketWatch, I want to buy a home that needs a lot of repairs and renovations, but I’m almost 50 years old. Is it worth it? How long does it take for home improvements to pay off?

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Renovation Equity Property Management Finance 136

RIS Media

MARCH 23, 2021

Do you need to rent a moving truck? Are you thinking about a DIY rental? If you need to rent a truck for a short amount of time, what is offered by most rental companies could seem like an unnecessary expense. If you need a truck for an hour or so, Home Depot truck rentals could be the answer. Home Depot truck rental pricing works out quite nicely when you are making a local move.

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As-is Land Closing Agents 135

Speaker: Sarah Santa Ana, Real Estate Coach, Move4Free Realty

Networking is one of the crucial elements in every real estate organization's success. Both agents and real estate companies need to maintain robust networking links. This is why social media is essential for any real estate professional! Social media enables you to stay in touch with your present clients, maintain connections with your past clients, and engage potential customers and investors.

Agents

Better Dwelling

MARCH 22, 2021

Canada’s household debt grew almost twice as fast as its economy, due largely to its addiction to housing. The country’s household debt to gross domestic product (GDP) made a sharp increase in Q3 2020. A little household debt to drive growth is normal, but the country is embracing it to the extreme. Canada’s ratio of […]. The post Canadian Household Debt Dwarfs G7 Peers, Growing Faster Than Emerging Economies appeared first on Better Dwelling.

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As-is Mortgages 137

Housing Wire

MARCH 25, 2021

Do I need to pay off my student loans before buying my first home? It’s a common question, but unfortunately, not an easy one to answer. The truth is, every situation is different. What it really comes down to is whether or not you feel comfortable paying a mortgage (and all the other fun expenses that come with having a home), while also paying off student loans.

Debt-to-income ratio 511

Debt-to-income ratio Loans FHA loan Finance 511

Lighter Side of Real Estate

MARCH 25, 2021

When homeowners decide to put their property on the market, most do a little work to spruce up the place. Some might paint and declutter, while others go all out and hire a home stager. On the flip side, certain bold homeowners take a DIY approach that often leaves real estate agents and potential buyers scratching their heads. Think you’ve seen some decor that could’ve used a little work?

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Staging Design Agents As-is 131

RIS Media

MARCH 25, 2021

With the real estate market experiencing surging prices, scant inventories and a backlog of new home construction, many consumers are wondering if what’s gone up must come back down—in other words, are we headed for another housing market crash? Let’s take a closer look. Think Back to the Great Recession. The unforeseen housing market crash 15 years ago ignited a worldwide recession.

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Marketing Equity Lending Short sale 131

Speaker: Trey Willard, Realtor/Team Leader at Keller Williams Realty, Inc.

In order to create continued success in today’s real estate market, realtors need to utilize an arsenal of technology that will increase their efficiency and presence on social media. Using technology to manage your prospects and tap into their needs through websites, social media, and other channels is critical for real estate success in 2022 and beyond.

Agents